Elucidating Finance Gaps through the Clean Cooking Value Chain

Coldrey, O., Lant, P., & Ashworth, P. (2023). Elucidating Finance Gaps through the Clean Cooking Value Chain. Sustainability 15 (4) e3577. 10.3390/su15043577.

[thumbnail of sustainability-15-03577-v3.pdf]
sustainability-15-03577-v3.pdf - Published Version
Available under License Creative Commons Attribution.

Download (3MB) | Preview


The current supply of finance to enable universal access to clean fuels and technology for cooking does not match the scale of Sustainable Development Goal 7’s access challenge. To date, little attention has been given to the modalities of funding the clean cooking transition at the macro level. Grounded in a review of academic and recent grey literature, this study’s research objective was to provide a granular understanding of gaps in finance flows and financial instruments, mapped against the innovation cycle of companies that provide clean cooking solutions. In the context of wide-ranging barriers to the clean cooking sector’s development, we found a chronic shortfall of finance for companies at the early stages of their business growth and poorly targeted public finance to support innovation and mitigate risk for later-stage investors. This is exacerbated by limited data sharing and knowledge exchange among a small number of funders. We recommend reforms to public funding for clean cooking enterprises, especially for research, development and demonstration (RD&D) and innovation, to mitigate risk for later-stage investors, as well as more effective data sharing, to help catalyse sufficient, appropriate finance through the value chain for universal access.

Item Type: Article
Uncontrolled Keywords: clean cooking; climate finance; energy finance; energy transition; R&D and innovation; SDG7
Research Programs: Energy, Climate, and Environment (ECE)
Energy, Climate, and Environment (ECE) > Sustainable Service Systems (S3)
Energy, Climate, and Environment (ECE) > Transformative Institutional and Social Solutions (TISS)
Sustainable Rural Development (SRD)
Depositing User: Luke Kirwan
Date Deposited: 14 Mar 2023 09:07
Last Modified: 14 Mar 2023 09:07
URI: https://pure.iiasa.ac.at/18666

Actions (login required)

View Item View Item